Stratos Wealth Partners LTD. Has $6.26 Million Stock Position in AT&T Inc. (NYSE:T)

Stratos Wealth Partners LTD. cut its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 7.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 221,314 shares of the technology company's stock after selling 19,078 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in AT&T were worth $6,259,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Minot DeBlois Advisors LLC bought a new position in shares of AT&T in the fourth quarter valued at about $25,000. Capital A Wealth Management LLC bought a new position in shares of AT&T in the fourth quarter valued at about $25,000. Putney Financial Group LLC bought a new position in shares of AT&T in the fourth quarter valued at about $27,000. Core Alternative Capital raised its holdings in shares of AT&T by 125.4% in the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock valued at $29,000 after buying an additional 568 shares during the last quarter. Finally, Ball & Co Wealth Management Inc. bought a new position in shares of AT&T in the fourth quarter valued at about $30,000. 57.10% of the stock is owned by institutional investors.

AT&T Stock Down 1.8%

Shares of T traded down $0.50 on Thursday, hitting $27.61. The company's stock had a trading volume of 25,030,281 shares, compared to its average volume of 36,440,534. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98. The firm's fifty day moving average price is $27.84 and its 200-day moving average price is $26.24. AT&T Inc. has a fifty-two week low of $18.14 and a fifty-two week high of $29.19. The firm has a market capitalization of $198.63 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 3.51 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). AT&T had a return on equity of 13.63% and a net margin of 9.64%. The firm had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. During the same period last year, the company earned $0.55 EPS. The company's revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Thursday, July 10th. AT&T's dividend payout ratio (DPR) is currently 68.10%.

Analysts Set New Price Targets

A number of research firms recently issued reports on T. Evercore ISI lifted their price target on AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a report on Thursday, April 24th. Morgan Stanley reissued an "overweight" rating and set a $31.00 price objective (up from $30.00) on shares of AT&T in a report on Thursday, April 24th. UBS Group reissued a "buy" rating and set a $31.00 price objective (up from $30.00) on shares of AT&T in a report on Wednesday, June 18th. Oppenheimer boosted their price objective on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Finally, Cowen reissued a "hold" rating on shares of AT&T in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, AT&T currently has an average rating of "Moderate Buy" and a consensus target price of $29.10.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.